Vince Cable warned not to meddle with Tesco business plan

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory whatsapp Wednesday 17 December 2014 8:40 pm Vince Cable warned not to meddle with Tesco business plan Sharecenter_img Vince Cable has been warned not to meddle with the business plan of struggling company Tesco, after the Liberal Democrat minister called for a meeting with top bosses. The Institute of Directors yesterday warned that MPs should steer clear of meddling in the troubled retailer’s future, but added that there are some legitimate concerns that should be addressed in the case of Tesco. “Broadly speaking, politicians should be wary of intervening in businesses. Even state owned enterprises, like RBS, should be managed at arms length from government, ideally through an independent body like UKTI. If the meeting is to do with public policy reasons however, such as the closure of stores, then one can understand,” senior corporate governance adviser at the IoD Oliver Parry told City A.M.Cable wrote to Tesco boss Dave Lewis requesting a meeting about the company’s long-term strategy. The letter comes after a difficult year for Tesco, during which a number of senior executives have been suspended and the Serious Fraud Office has launched an investigation into accounting irregularities. A spokesperson for Cable said yesterday that the minister is in “listening mode” and wants to discuss the future of the business, which employs 300,000 people around the UK. “He wants to hear from the horse’s mouth what the plan is for the future, lots has happened at Tesco and the two haven’t yet had chance to meet,” the spokesperson added. A Labour source last night welcomed the sit-down, adding: “Vince is as straight as a die, we don’t think there’s anything unusual about the meeting at all.”Conservative MP Mark Field also welcomed the news, but called on Cable not to play politics with the issue. Express KCS Show Comments ▼ whatsapp last_img read more